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Global Bitumen Emulsifiers market report, size, share, trends and forecast to 2028

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According to Stratistics MRC, the Global Bitumen Emulsifiers Market is accounted for $53.68 million in 2022 and is expected to reach $83.31 million by 2028 growing at a CAGR of 7.6% during the forecast period. 

Bitumen is a dark, viscous substance that is created by mixing microscopic crude distillation particles. It is an essential component of the asphalt used to build roads and other infrastructure. It is a crucial component of several infrastructure and building projects, both big and small. The current demand for bitumen emulsifiers is rising quickly, mostly due to the various government initiatives. Along with improving current roads and buildings, the government should step up its efforts to construct infrastructure.

Emulsifiers for bitumens are used as additives to bitumens to stabilise the bitumen slurry with water. The emulsifier is a surface-active substance that permits water dilutions. Bitumen emulsifier usage has grown steadily on the international market. The expansion of more advanced projects internationally can accelerate the market growth for bitumen emulsifiers. Demand for rapid setting Bitumen Emulsifiers has increased at a favourable rate in the past and is projected to drive the market throughout the forecast period.

By geography, Asia Pacific is projected to hold the largest market share during the forecast period owing to the construction of new infrastructure projects, particularly in emerging nations. As long as building activities continue in demand in the region’s emerging nations, there will be strong potential prospects for the bitumen emulsifier market share. COVID-19 has had a severe effect on a number of businesses, including the chemical industry, which has resulted in a sharp fall in chemical sales. The demand for bitumen emulsifiers decreased significantly on a global scale since bitumen is heavily utilised in the production of chemicals and raw materials.

Some of the key players profiled in the Bitumen Emulsifiers Market include Croda International, Kao Corporation, T-Pave International, Ingevity Corporation, Evonik Industries, Arkema Group, RX Marine International, Tristate Asphalts LLC, Nouryon, Opal Paint Products, RAHA Bitumen, Vizag Chemical, Royal Dutch Shell Plc, China Petrochemical Corporation, Marathon Oil Company, McAsphalt Industries Limited, The Dow Chemical Company, Akzo, Nobel N.V, Nynas AB, Opal Paints Products Pvt Ltd.

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By Products:

  • Non-ionic
  • Anionic
  • Cationic

By Setting Types:

  • Slow
  • Medium
  • Rapid

By Applications:

  • Mixing
  • Spray

By End Users:

  • Unmodified Bitumen
  • Polymer Modified Bitumen

 

Free Customization Offerings: 

All the customers of this report will be entitled to receive one of the following free customization options: 

  • Company Profiling 
  • Comprehensive profiling of additional market players (up to 3) 
  • SWOT Analysis of key players (up to 3) 
  • Regional Segmentation 
  • Market estimations, Forecasts and CAGR of any prominent country as per the client’s interest (Note: Depends on feasibility check) 
  • Competitive Benchmarking 
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances 

 

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